Karishma Vanjani
Aurora Innovation stock was surging Tuesday morning after the self-driving technology company revealed its partnership with Nvidia to deploy driverless trucks.
Nvidia's CEO Jensen Huang announced the long-term manufacturing deal with Aurora and Continental, Aurora's manufacturing partner, at the annual Consumer Electronics Show in Las Vegas. Nvidia DRIVE Thor, an in-vehicle computing platform, will be used in the primary computer of the Aurora Driver, the press release states.
Pittsburgh-based Aurora plans to launch its driverless trucks commercially in April 2025, a timeline that has already been delayed from the previous plans to push it out in 2024. CEO Chris Urmson told investors in October that he's taking a "crawl, walk, run approach" with the trucks, planning to deploy just 10 at the start.
The shift in the timeline is expected to have "negligible financial impact," Urmson had said.
Aurora's stock was up 65% at one point during premarket trading, before settling in at $8.77, up 35%. Nvidia's stock was up 2.5%.
Write to Karishma Vanjani at karishma.vanjani@dowjones.com.
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(END) Dow Jones Newswires
January 07, 2025 08:16 ET (13:16 GMT)
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